ING Group, N.V. (NYSE:ING) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its position in ING Group, N.V. (NYSE:ING - Free Report) by 49.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,508 shares of the financial services provider's stock after selling 82,169 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in ING Group were worth $1,656,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Northern Trust Corp boosted its stake in ING Group by 48.2% during the fourth quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock worth $65,205,000 after buying an additional 1,353,054 shares during the period. Raymond James Financial Inc. acquired a new position in ING Group during the 4th quarter worth $14,375,000. Guardian Partners Inc. purchased a new stake in ING Group during the 4th quarter worth about $11,730,000. Millennium Management LLC raised its position in ING Group by 671.8% in the 4th quarter. Millennium Management LLC now owns 560,313 shares of the financial services provider's stock valued at $8,780,000 after purchasing an additional 487,716 shares in the last quarter. Finally, Causeway Capital Management LLC boosted its stake in shares of ING Group by 38.8% in the 4th quarter. Causeway Capital Management LLC now owns 1,491,567 shares of the financial services provider's stock valued at $23,373,000 after buying an additional 416,762 shares during the period. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Group Price Performance

Shares of ING stock traded up $0.15 during mid-day trading on Thursday, reaching $22.51. The stock had a trading volume of 1,455,183 shares, compared to its average volume of 2,313,550. ING Group, N.V. has a 12-month low of $15.09 and a 12-month high of $22.75. The company has a market cap of $78.73 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 2.09 and a beta of 1.11. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.86. The business has a 50-day simple moving average of $20.88 and a 200 day simple moving average of $18.68.

ING Group (NYSE:ING - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). The company had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $5.74 billion. ING Group had a return on equity of 11.68% and a net margin of 27.70%. On average, sell-side analysts anticipate that ING Group, N.V. will post 2.14 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on ING shares. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group raised ING Group from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".

About ING Group

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.